LegalMation: IBM Watson AI for Litigation
Folks that don't do much of it are often astounded about how quickly costs escalate and how much the process can cost. While the trial itself can cost upwards of $50K, just getting to trial with all the back and forth between the attorneys can cost several times that. A general rule of thumb is that unless the judgment is reasonably likely to be over $100K and include attorney's fees, you'll probably end up in the hole even if you win. Litigation was one of the initial target industries for IBM's advanced artificial intelligence (AI) platform Watson because litigation was so well defined and well documented. The promise was a significant reduction in costs for those bringing or defending against lawsuits and a far better way of determining if it was economically viable to bring or defend against the action to begin with.
Feb-20-2019, 06:32:21 GMT